Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Marci Ryvicker - Wachovia Wells Fargo.
Marci Ryvicker - Wachovia Wells Fargo
Thank you. You are awfully close to your debt covenant, so are you, I guess how are you dealing with this are you in discussions with your lenders and are there any maturities coming due in the next two years?
Walter Ulloa
Marci, we don’t have any maturities in the near-term with respect to our credit agreements. We have proactively been engaged in the conversation with our banks in a productive conversation and that’s all we really can comment about that at this time.
Marci Ryvicker - Wachovia Wells Fargo
Okay and then, is the Comcast the largest MSO in your markets?
Chris Young
The largest MSO, yes.
Marci Ryvicker - Wachovia Wells Fargo
Okay, is the Time Warner the next largest?
Chris Young
That’s correct.
Marci Ryvicker - Wachovia Wells Fargo
Can you comment on any type of arrangement of you’ve had with Univision as they negotiate with you?
Chris Young
No, we can’t, but as I said, the arrangement that Univision transacted with Comcast on our behalf is mutually beneficial to Univision, Comcast and Entravision.
Marci Ryvicker - Wachovia Wells Fargo
Okay and then the last question is where is the interactive segment in your P&L?
Chris Young
Marci, it’s in radio. It’s not a separate class that is a separate business reporting segment, but the internet activities are within the radio segment.
Marci Ryvicker - Wachovia Wells Fargo
Are you going to break that out next year to sounds like it’s giving pretty more significant?
Chris Young
As it becomes more significant, we will visit the issues, but there are no plans and you may return to begin breaking it out on a segment basis.
Operator
Your next question comes from James Dix - Wedbush Morgan.
James Dix - Wedbush Morgan
Good afternoon, gentlemen. I guess three questions, first just following up a little bit more on the debt and any update as to open market repurchases you’ve made of debt like how much face value you have purchased to-date and for what sum and is there any further or did you have to do anymore of that? Second, how is Hispanic consumer spending on holding up in your markets? I mean, do you have a sense that you’re holding share versus your general market tiers as you’re going into this year or you losing share or just any insight you have into that? I guess finally, is there any way to mentioning the potential for further operating expense to cuts even beyond $11 million or so that you detailed?
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